Sonic Battle, the first title planned for release under the agreement, is scheduled to release in North America in January 2004. Coinciding with Sega's new Sonic Heroes console release, Sonic Battle will benefit from Sega's multi-million dollar Sonic Heroes marketing campaign. The companies are also scheduled to release Sonic Advance 3 in 2004.
"Sega's uncompromising approach to design innovation and game quality have captivated audiences of all ages across every viable gaming platform since Sonic debuted on the SEGA Genesis(TM) in 1991," said Brian Farrell, President and CEO, THQ. "We look forward to delivering two compelling new Sonic adventures to handheld gamers in 2004."
"With THQ's handheld publishing expertise, we have had tremendous success leveraging the Sonic brand on the Game Boy Advance platform," said Hide Irie, President and COO, Sega of America, SEGA Corporation. "Sonic Battle and Sonic Advance 3 are poised to be strong performers in the expanding Game Boy Advance marketplace."
The Sonic The Hedgehog series began in 1991 with the release of "Sonic The Hedgehog(R)" on SEGA Genesis(TM). The game quickly became a global hit. Over the years, Sonic The Hedgehog has been featured in more than 11 games on multiple SEGA gaming platforms including SEGA Genesis, SEGA Game Gear(TM), Pico(TM), SEGA Saturn(TM) and SEGA Dreamcast(TM). Most recently, the series continued with "Sonic Adventure 2 Battle" for Nintendo GameCube and "Sonic Advance" for GameBoy Advance, the first titles to utilize the Nintendo GameCube/GameBoy Advance Link Cable. In just over 10 years, Sonic The Hedgehog has become one of the most beloved and recognized video game characters of all time and the series has sold over 32 million units worldwide.
SEGA(R) of America, Inc. is the American arm of Tokyo, Japan-based SEGA Corporation, a $3.5 billion corporation by market capitalization, recognized as a worldwide leader in interactive entertainment both inside and outside the home. The company develops, publishes and distributes interactive entertainment software products for a variety of hardware platforms including PC, wireless devices, and those manufactured by Nintendo, Microsoft and Sony Computer Entertainment Inc. SEGA of America's Web site is located at www.SEGA.com.
THQ Inc. is a leading, worldwide developer and publisher of interactive entertainment software for a variety of hardware platforms including PC CD-ROM, wireless devices, and those manufactured by Sony Computer Entertainment America Inc., Nintendo and Microsoft. The THQ web site is located at www.thq.com. The THQ Wireless site is located at www.thqwireless.com. THQ is a registered trademark of THQ Inc.
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about THQ's business based, in part, on assumptions made by its management. These statements are not guarantees of THQ's future performance or the performance of Sonic the Hedgehog video games, and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, those described above and the following: changes in demand for THQ's products, including Sonic the Hedgehog, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing and difficulties encountered in the integration of acquired businesses. In addition, such statements could be affected by growth rates and market conditions relating to the interactive software industry and general domestic and international economic conditions. Specific information concerning these and other such factors is contained in THQ's March 31, 2003 Form 10-KT filed with the Securities and Exchange Commission. A copy of this filing may be obtained by contacting THQ or the SEC. The forward-looking statements contained herein speak only as of the date on which they are made, and THQ does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.